Village Roadshow

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Cole's Reaction Day

Score

1.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 28 20.8 0.61% 1.31% 6.0% -5.2% 34.5%
SHORT 27 7.3 0.67% 1.29% 4.6% -1.3% 65.8%

Summary

Technical Analysis

Village Roadshow (VRL.AX)


Indicator:

COLES RALLY DAY


Last Signal:

BULLISH


Trading: BUY @ $2.9
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Village Roadshow (ASX:VRL): Coles Rally Day (HH)



Roger Cole devised a method to use rally and reaction days. Cole disregarded inside and outside days to find three rally days in a row or three reactions in a row. This is like three soldiers or three crows in candlestick pattern analysis, except Cole allowed for inside or outside days to intervene. Three soldiers and three crows, while rare, are extremely reliable. So Cole gave us some relief from a strict definition, but traded off increased frequency at the expense of reliability. Cole also used moving average crossovers to augment the two-day (rally, reaction, inside, outside day) results.

Calculation: Coles Reaction Day:
1) Rally Day: High > High yesterday & Low > Low yesterday;
2) Reaction Day: High > High yesterday & Low < Low yesterday


PROFILE: Village Roadshow (VRL.AX)


Stock Exchange: ASX
Company: Village Roadshow
Ticker Codes: | VRL.AX | ASX:VRL |

About Village Roadshow (ASX:VRL):

Village Roadshow Limited engages in the theme park and water park operation, film and DVD distribution, cinema exhibition, and sales promotion and loyalty program operation businesses in Australia. The company owns and operates theme parks and water parks that provide entertainment, rides, and slides for families and thrill seekers in Queensland's Gold Coast and Sydney, Australia, as well as Las Vegas. It also operates approximately 722 cinemas at 75 sites in Australia, Singapore, and the United States. In addition, the company distributes theatrical movies to cinema, pay television, and free to air television in Australia and New Zealand; theatrical, television, and children's content for electronic sell and transactional video-on-demand through iTunes, Foxtel, Telstra Bigpond, Google, YouTube, and other online platforms, as well as provides ultraviolet capability on theatrical and television releases across DVD, Blu-ray, and digital transactions; and holds distribution rights for various movies. Further, it engages in the provision of loyalty and reward solutions; and development, financing, production, marketing, and distribution of films for Greater China, Singapore, Australia, and New Zealand. The company was formerly known as De Laurentis Entertainment Limited and changed its name to Village Roadshow Limited in 1998. Village Roadshow Limited was founded in 1954 and is based in South Yarra, Australia. Village Roadshow Limited is a subsidiary of Village Roadshow Corporation Pty. Limited.

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